American Cargo Group Inc. (ACG) announced the acquisition of American Hauler, a division of Nevada-based Business Development Equity Partner for an undisclosed amount.
According to a press release, Elkhart, Ind.-based American Cargo Group acquired the Haulmark and Wells Cargo brands on Aug. 1. All three trailer brands, American Hauler, Haulmark and Wells Cargo will operate under the American Cargo Group banner going forward.
American Cargo Group CEO Tom Lilly stated, “The addition of American Hauler to our family of cargo trailer brands represents a unique and timely opportunity to grow our manufacturing footprint and advance the company’s strategic mission. The long-term manufacturing excellence of American Hauler, along with the steadfast loyalty of their dealer base, speaks volumes to the character of the company and why it is a logical acquisition for ACG.
Bob Morgan, general manager of American Hauler, said, “These are exciting times for American Hauler management and staff. It’s exciting to be owned by trailer people who speak the language, understand the products, know the marketplace, and most importantly have relationships with the dealers. We now have the tools and resources to grow the company and be responsive to the marketplace. Our dealers will see and feel a difference which will result in more sales for them – it’s a win/win scenario.
He added, “We have expanded our options department and added 12 acres to our storage yard for increased inventory. It will take a period of time to hit full stride, but all of these improvements have already proven to be valuable additions.”
All management personnel at American Hauler will be keeping the same titles and performing the same job duties as they have before the acquisition. The addition of the 101 American Hauler personnel brings the total number of American Cargo Group employees to approximately 600. ACG now has a total of six manufacturing facilities to service dealers across the continental United States and Canada located in McAdoo, Pa., Waco, Texas, Ogden, Utah, Bristol, Ind., and two plants in Elkhart.